STOCK MARKET WATCH -- Wednesday, 17 August 2022

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 17 August 2022

Previous SMW:
SMW for 16 August 2022




AT THE CLOSING BELL ON 16 August 2022



Dow Jones 34,152.01 +239.57 (0.71%)
S&P 500 4,305.20 +8.06 (0.19%)
Nasdaq 13,102.55 -25.50 (0.19%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

No final history of the United States of America has been written, or is likely to be written. Research is constantly bringing to light new facts that correct details or modify the traditional view of larger questions; and the most impartial historian is subject to personal or sectional bias which leads to his works being regarded as imperfect by another generation, or as unfair by the people of parts of the country other than his own. In such a series as the present, then, it is unwise to represent the story of the growth of this nation by the summary of any one scholar.

Charles W. Eliot. The Harvard Classics: Vol. 43: American Historical Documents. "Introduction." (c) 1910.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[Emile]

1. The Dow has been up everyday now for what? A week?

[Tansy_Gold]

2. I just post

I don't even try to analyze.

[progree]

3. I count 5 straight up days. It fell August 9. Separately S&P 500 is about to leave correction

territory.

DOW: https://finance.yahoo.com/quote/%5EDJI/history?p=%5EDJI
S&P 500: https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

The S&P 500 closed today, Tuesday, at 4305, which is 10.2% down from the January 5 all-time high of 4797.

Bear markets start at 20% down or more, so we're no longer in "bear market territory"

Corrections are 10-20% down, so were still in "correction territory", but barely, at 10.2% down.

Technically they don't declare an end of a bear market until it has recovered all of its lost ground (meaning in this case a new all-time high), so we've got a ways to go there.

And then we need several more percent to regain the purchasing power it had, sigh.

[Emile]

4. Still all in all this is great news.

[progree]

5. Yes, I feel a LOT better than I did when the S&P 500 bottomed out on June 17

at 3675, 23.3% below its 4797 all-time high. Its gone up 17.1% since then